Sharjah Update Sharjah business & Investment News from Invest in Sharjah (Sharjah FDI Office)
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The Sharjah Investment and Development Authority (Shurooq) and Injazat Services announce the establishment of the Sharjah Investors Services Centre, which will operate as the emirate’s first “one-stop-shop” high-end facility providing fully-integrated and streamlined services to investors looking to set up businesses in Sharjah.
The new centre, to be headquartered in Al Qasba, will be a key access point for global business owners and entrepreneurs in Sharjah, and will play an integral role in facilitating high-level and mid-level investments across a variety of sectors within the emirate.
The latest initiative by Shurooq and Injazat falls under the series of innovative ideas and frameworks highlighted by more than 200 representatives of Sharjah’s government sector, during the second Sharjah Forum in 2017, which was titled as “The Future of Sharjah”.
The centre is supported by a set of highly trained staff members and service providers who are reinforced by a digitally integrated communication network, directly connected with the emirate’s state entities and departments responsible for issuing licenses and necessary documents related to setting-up businesses, allowing investors to complete their processes with transparency, quality and efficiency.
The investors’ centre will also function as an integral information point, providing clear and detailed information on requirements, necessary documents and clear timeline on approval processes, reflecting on the emirate’s commitment to further develop its economy through transparency and high-end business-friendly initiatives.
The announcement came after the signing of the memorandum of understanding between Shurooq and Injazat, which took place between His Excellency Marwan bin Jassim Al Sarkal, Executive Chairman of the Sharjah Investment and Development Authority (Shurooq), and Khamis bin Salim Al Suwaidi, Chairman of Injazat Board, and in the presence of numerous representatives from both parties.
Shurooq’s specialised role behind the new joint-venture will include facilitating the communication network between the centre and concerned government departments and authorities in Sharjah, allowing the unification of licensing procedures and approval documents in the emirate streamlined to investors through the new centre.
Commenting on the significance of the joint venture, His Excellency Marwan bin Jassim Al Sarkal said: “The establishment of the new investors centre as a joint-venture with Injazat reflects on our mission and vision to form innovative and unique partnerships, and implement unique initiatives that function as strategic incentives to investors and entrepreneurs setting up their businesses in Sharjah.”
He continued: “Our key objective behind the new and first investors’ centre is to expand on our on-going operations for Sharjah’s economic and social sustainability and infrastructure, and build on the emirate’s competitive advantage for being one of the most attractive investment destinations in the region.”
He added: “The centre builds on Sharjah’s diverse economy and resources, and functions as a focal unit in its unique business-friendly environment, and will play a major added value in the emirate’s economic growth and diversification.”
Mohammed Juma Al Musharrkh, CEO of the Sharjah FDI Office (Invest in Sharjah), addressed the important added value the Sharjah Investors Services Centre will add to the emirate’s quality of services and investments saying: “The new centre will surely create a strong buzz among global investors and business owners, and will effectively support our initiatives and investment promotion practices with global leaders and CEOs looking to expand their businesses in the UAE and the wider region.”
He added: “As soon as the centre becomes fully operational, it will directly support investors’ needs and inquiries through efficient, fast and transparent processes, all under a luxury and hospitable environment carefully tailored in and around the centre. More importantly, the centre will act as a key information centre and consultant to global investors keen on receiving comprehensive and detailed insights for setting up their businesses in Sharjah, reducing time and mobility to comfort levels that meet their satisfaction.”
Speaking on behalf of Injazat, Khamis bin Salim Al Suwaidi said: “Our partnership with Shurooq reflects on our planned selection of entities and establishments that help us develop and expand on our operations and services within the emirate of Sharjah.”
Al Suwaidi added: “Our primary role in managing and operating the Sharjah Investors Services Centre will be adding strategic value within Sharjah’s servicing sector, thanks to our expertise and specialization in the servicing industry. We will use our systems and leading models to provide investors in Sharjah high-end solutions and integrated services, and support the emirate’s competitive advantage and unique business environment.”
Founded in 2009, Shurooq aims to achieve social, cultural, environmental and economic development on the basis of Sharjah’s distinct Arab and Islamic culture and to seamlessly add to the fabric of the emirate. It strives to develop the emirate and encourage investment by adopting the best international standards in providing high-end services that help draw local, regional and international investment.
